‘All Bad News’: WA Tax Receipts Expected to Slide Further

‘All bad news’: WA tax receipts expected to slide further

The Washington state Capitol on July 25, 2025. (Photo by Jerry Cornfield/Washington State Standard)Projected tax collections in Washington continue to fall, with declines totaling more than $500 million since the governor signed off on billions of dollars in tax increases earlier this year to help balance the budget. Estimates shared with officials Tuesday show receipts for the current two-year state budget tumbling $412 million further from wha…

Op-Ed: Washington state budget is now negative by $421 million

Proving yet again that you can’t tax your way to economic prosperity, Washington state's 2025-27 budget is now negative by $421 million. According to the state’s September Revenue Forecast, projected

‘All bad news’: WA tax receipts expected to slide further - Lynnwood Today

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Washington State tax receipts expected to slide further

Projected tax revenue is down more than $500 million since the Legislature passed its latest two-year budget. One lead budget writer isn’t ruling out further tax increases next year. Continue reading…

State of Washington Faces Projected Deficit Despite Record Tax Increases

OLYMPIA, WA – The latest quarterly state revenue forecast shows Washington state’s operating budget is headed into negative territory despite this year’s passage of a state-record $12.2 billion, four-year package of tax increases. The third-quarter forecast shows revenue collections for the 2025-27 budget cycle falling $412 million from the June forecast. Projections for the 2027-29 budget cycle show a further $477 million drop, which, combined …

Op-Ed: Washington state budget is now negative by $421 million - Everett Post

Proving yet again that you can’t tax your way to economic prosperity, Washington state’s 25-27 budget is now negative by $421 million. According to the state’s September Revenue Forecast, projected revenues have been reduced by more than $400 million, resulting in a budget deficit. This news follows lawmakers enacting the largest tax increase in state history earlier this year (by more than $9 billion). One of the major components of that tax in…